After Hours Summary: Fed provides testimony; Biden says bank regulators say financial system is in strong condition; SCVL +3.2% higher on stock split, nice guidanceAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: NTR +2.5% (raises 1H21 adjusted earnings guidance)
Companies trading higher in after hours in reaction to news: SAFM +11.1% (co is exploring sale; ag investment firm Continental Grain a potential suitor, according to WSJ), TUP +6.5% (authorizes $250 mln share repurchase plan), SCVL +3.2% (announces 2-for-1 stock split, guides full year EPS and revs above consensus), NOVN +2.7% (prices offering), AJRD +1.7% (successfully tests solid rocket motor technology), ACAC +1.3% (completes combination with PLAYSTUDIOS), KGC +0.8% (provides update regarding fire at Tasiast mine; revises 2021 production guidance), TMHC +0.6% (CFO retires), QGEN +0.3% (announces the launch of CRISPR products for analysis of gene-editing experiments), XOM +0.3% (to cut workforce by up to 10% annually, according to Bloomberg), OEC +0.1% (settles arbitration proceedings with Evonik), MRNA +0.1% (awarded a $3.3 bln modification to US Army contract for 200 mln doses)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: None
Companies trading lower in after hours in reaction to news: MVIS -10.4% (enters into $140 mln At-the-Market (ATM) equity offering agreement), AFCG -9.6% (launches public offering of 2.75 mln common shares), FOCS -6.2% (stock offering), SBLK -5.2% (Oaktree Capital commences public offering of 2,382,775 shares), KOS -3% (files mixed securities shelf offering), NXGN -2.9% (CEO steps down; also reaffirms full year guidance), NKLA -2.5% (stock offering), NEXT -1.7% (names new COO), ZEV -1.5% (stock offering), DFS -0.9% (files mixed securities shelf offering), WTRG -0.5% (stock offering), ALK -0.2% (provides operations update in 8-K filing; consumer spend levels have recently surpassed 2019 levels), TEVA -0.2% (EXEL files patent infringement complaint against TEVA), DAL -0.1% (planning to hire more than 1,000 pilots by next summer amid rebounding travel demand, according to CNBC), UDR -0.1% (prices offering)